Everyone, no matter how young and healthy they are, is just one accident or illness away from becoming too disabled to work for at least some period of time. If your co-parent on whom you rely for child support becomes disabled, what happens to you and your children?
A job loss is one of the most stressful events that people can experience. Often, people lose their jobs through no fault of their own. It can be devastating nonetheless -- emotionally and financially.
New Jersey parents who are getting a divorce will have a lot of matters to hash out. Many of them will relate to finances, which can be especially crucial when it comes to figuring out things like spousal support or child support. But did you know that assets can be hidden, affecting the overall outcome of these matters?
While a parent's child support obligation does not come to an end automatically when the child becomes an adult, a parent can apply for termination of child support responsibilities once the child has attained a predetermined age. The benchmark varies from state to state; in New Jersey, a parent can expect to pay child support at least until the child is 19 years old.
Terms in your child support agreements are usually specific and complete, and, as a result, you would likely not encounter many situations in which you would have to make a change. However, there are various exceptions to this rule. Say, for example, you were moving to an area of New Jersey with a higher cost of living, or if your child had an emergency causing medical expenses to start piling up; you might want to revise your agreement to share this financial burden with your former spouse.
New Jersey parents who pay or receive child support might, over the years, find that the amount of child support paid or received needs to change. The circumstances that lead to this include the children's changing needs, medical issues or income changes due to unemployment or a change in employment.
When a couple with children divorces, it can be difficult for the lower-income parent to make ends meet. Child support is used as a means of assistance in this situation. A parent can petition for support directly from the other parent, or they may go on public assistance and the New Jersey government will do everything in its power to collect from the payer. The government does this to ensure the child has what they need without putting undue burden on taxpayers.
A special needs child requires structure and predictability in their daily schedules. The slightest deviation can compound a special needs child's anxiety. Indeed, parents of a special needs child are quite familiar with the meltdowns that can result from the most minute modifications to that child's schedule. Conversely, a strict maintenance to a consistent schedule can alleviate a special needs child's anxiety over time - as it provides comfort and certainty in a world they struggle to process and understand.
New Jersey residents who pay or receive child support often work with their local child support enforcement office. The White House and the Department of Health are advocating for a new system to be put in place to nationalize child support monitoring and enforcement. This proposal is radically different from many programs implemented so far during the Trump administration that are designed to push certain costs down to the state level.
Many New Jersey residents use gig work as their sole sources of income, and others perform this type of work to supplement their incomes. While the availability of gig work has been a financial boon to people, some parents have used the gig economy as a way to avoid their child support obligations.